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19 December 2016

The Subic Bay Metropolitan Authority asked the government to build a multi-modal 100-kilometer coastal highway from Subic Bay to the Port of Manila to help decongest traffic in the metropolis at a cost of P100 billion.

He said the project’s indicative cost “is the equivalent of only 34 days of cumulative business losses resulting from Manila’s traffic congestion.” The country is losing an estimated P3 billion a day from the traffic mess.

Construction could be completed in 48 months, he said.

Dino said he would ask for Malacañang’s approval to have it included for financing under the Philippine-China Framework of Cooperation.

“Many economic and social forces are now at play and our rapid and efficient response is critical to creating the environment conducive to promoting further growth and development,” Dino said.

“The economic benefits from the project would be immediate and enormous,” he said. (Darwin G. Amojelar, Manila Standard)